ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against OKX−0.244%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 7 days+0.308%+$31 · spread now −0.244%, 7d avg −0.043%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.201% cheaper against OKX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2464	0.0100	pay 0.0100% / 8h	1h 45m	$31.9M	$105.4M	50x
Short	Kalshi KXADAPERP	0.2458	0	get 0.0000% / 8h	5h 45m	$156K	$5.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee KalshibpOrdersPrice spread, now −0.244%Rate

Funding earned: −$21
Price spread: −0.244% → −0.043%: −$20.08
Slippage, 4 orders: −$13.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$74.26
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Kalshi: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	2.04 bp	7.0 bp −$7	12.5 bp −$125	40.7 bp −$4,068	doesn't fit
Sell Kalshi live order book, 3 min ago	4.07 bp	9.1 bp −$9	18.7 bp −$187	doesn't fit	doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2461	−0.133%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2458	−0.244%	$156K	$5.9M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	−0.260%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2456	−0.325%	$420K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	−0.181%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2464	+0.008%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	−0.050%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	−0.056%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.032%	$158K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2464	0.000%	$101.9M	$355.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2463	−0.041%	$71.3M	$99.7M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2464	long leg	$31.9M	$105.4M	50x
Gate ADA_USDT	+0.0100%	8h	0.2462	−0.081%	$97.0M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$53.1M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	−0.049%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2463	−0.041%	$65.9M	$42.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2463	−0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	−0.158%	$102K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.516%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	−0.194%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.203%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	−0.122%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	−0.016%	$97K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	−0.203%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.195%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	−0.203%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	−0.187%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.256%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.244%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	−0.023%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	−0.039%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2455	−0.377%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.325%	$4.4M	$5.4M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0238%	1h	0.2460	−0.158%	$478K	$350K	50x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2464	−0.012%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.771%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2458	−0.260%	$122K	—	100x	as long as short